Hawesko Group enters into strategic partnership in the Baltic States and expands international activities
The wine trading group Hawesko Holding SE has entered into a strategic partnership with the Dunker Group and in this context is acquiring 50 percent of the shares in Dunker Group OÜ. The Hawesko Group is thus expanding its international activities and tapping into the Baltic market.
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Dunker Group OÜ ("Dunker"), with its subsidiaries, is one of the leading distribution companies for wine in the Baltic States, with sales of just under EUR 80 million, and employs around 200 people.
Until now, Dunker has been managed in partnership by the shareholders Andres Villomann and Arvo Kask (50 percent each). The latter is selling his shares to the Hawesko Group and leaving the management.
Following the acquisition of the Czech company Global Wines & Spirits last year, the partnership with Dunker is another important step for the Hawesko Group into the developing Eastern European wine market.
"Dunker offers us an ideal opportunity to enter the Baltic market thanks to its good market presence and relevant size. With a large number of wine brands already distributed jointly and a strong own-brand DNA, there are already numerous commonalities between Dunker and Hawesko with which we are starting the partnership. We are delighted to have an experienced partner in Mr. Andres Villomann at our side, and together we will be tackling the further development of the wine market in the Baltic States," says Thorsten Hermelink, Chairman of the Board of Hawesko Holding SE. (dpa)
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